Export Finance and Insurance Corporation Amendment (New Mandate and Other Measures) Bill 2013

Type
Government
Portfolio
Trade and Competitiveness
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
43

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Summary

Amends the: Export Finance and Insurance Corporation Act 1991 to: provide for the circumstances in which the Export Finance and Insurance Corporation (EFIC) can provide insurance or another financial service or product on its commercial account; enable EFIC to guarantee loans for foreign based subsidiaries of certain Australian based companies; exclude public service personnel from the EFIC board; and apply competitive neutrality principles to EFIC’s commercial account operations; and Corporations Act 2001 and Insurance Contracts Act 1984 to make consequential amendments.

Progress

House of Representatives
Introduced and read a first time 20 Mar 2013
Second reading moved 20 Mar 2013
Referred to Federation Chamber 16 May 2013
Second reading debate 16 May 2013
Second reading agreed to 16 May 2013
Reported from Federation Chamber 16 May 2013
Third reading agreed to 16 May 2013
Senate
Introduced and read a first time 16 May 2013
Second reading moved 16 May 2013
Lapsed at end of Parliament 12 Nov 2013

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.